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Is Hennessey, OK 73742 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Hennessey is a balanced market. With about 5.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list92.4%Sold price ÷ list price
Median days on market331Listing to accepted offer
Median price per sq ft$92▼ −27.5% vs. last year

The Hennessey housing market right now

In the three months ending August 31, 2026, 0% of homes in Hennessey, OK 73742 sold above their list price, the typical home went under contract in 331 days and there were 5.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold more slowly (142 days then) and the median sale price fell 20% to $189,918. Overall, Hennessey is less competitive than a year ago, which gives buyers more room.

Nearby, Cashion 73016 (15% sold over asking) and Kingfisher 73750 (11% sold over asking) are even more competitive.

Run the numbers for 73742

Prefilled for 73742Can I win this house?Multiple-offer likelihood for a listing Prefilled for 73742Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cashion 73016Buyer’s market $186 /sq ftDover 73734 $128 /sq ftKingfisher 73750Seller’s market $126 /sq ftLoyal 73756 — /sq ft Browse all markets →

Towns like Hennessey nearby

Find towns like Hennessey in other states →
Okeene, OK73763 · 24 miles away83% similarcheaper homes ($36K less) · smaller Kingfisher, OK73750 · 16 miles away82% similarpricier homes ($57K more) · larger Perry, OK73077 · 37 miles away78% similarcheaper homes ($39K less) · larger Watonga, OK73772 · 33 miles away73% similarcheaper homes ($55K less) · older residents

Where Hennessey is

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Questions about Hennessey real estate

Is Hennessey a buyer’s or seller’s market?

A balanced market: there were 5.1 months of supply in Hennessey, OK 73742 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Hennessey?

The typical home went under contract in 331 days in the latest three months.

Do homes in Hennessey sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 92.4% of the list price.

What are property taxes in Hennessey?

About 0.58% of a home’s value a year in Kingfisher County, or roughly $2,320 on a $400,000 home.

What is the median home price in Hennessey?

The median sale price was $189,918 in the three months ending August 31, 2026, about $92 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology